Brooklyn Is Going Through A Global Rebranding, So Housing Prices Continue To Soar Brooklyn Listing Inventory Is Consistent With LongTerm Norms, Inadequate For Years The OftenCited “One Quarter Of Americans Have An Ancestor Born In Brooklyn" Is Not Confirmable. The Brooklyn housing market has remained vibrant relative to the rest of New York City in good and bad economic times, and it remains...
Ken Griffin Has Had Significant Influence Over The US Super Luxury Market "Vertical Travel" Is An Urban Real Estate Commuting Phrase Tariffs Are A Huge US Policy Mistake, Says Everyone Yesterday, I promised I would take a short break from tariff talk, so consider today's Housing Notes as a partial palette cleanser. Admittedly, I've only eased off nominally since I included two mustwatch videos on...
Since 2018, submarkets that experienced falling prices accounted for more than half of all markets. The difference between the share of falling markets by price and rising markets widened significantly over the decade. Market optics of the highend market smothered the impressions of the overall market. Yesterday our Manhattan Decade report was featured online in the New York Times (free link) and...
Listing Inventory Skewing Much Higher In Price, As Prices Have Surged Over Five Years Portfolios Of Wealthy Skew To Stocks While The Middle Class Skews To Real Estate Wealthy Better Suited For This Economic Cycle Of Real Estate There was a great Wall Street Journal piece (free link) on the decline in available lower priced Miami home sales. It's the result of prices rising so quickly and a shift...
The Outlook For Luxury Sales In 2025 Is Better Than The Remainder Of The Market Cash Buyers, Higher Wall Street Compensation, Strong Financial Markets HighEnd Trump Bump Observed In Palm Beach Housing Data When we think of housing markets, primary versus secondary, the latter contains the higher risk. If a homeowner runs into financial problems, they tend to try to save the primary residence...
Wall Street Is Getting Big Bonuses For The First Time In Three Years HighEnd Housing Continues To Be Favored In The Current Economy AI Will Replace Some HighComp Securities Industry Jobs I've always been a Monty Python fan and can talk for hours about Spam. Back in the summer of 1975, on a 5week foreign study trip in Europe, as a fourteenyearold, I did the most British thing ever. Riding a...
"Fancy" Is A Softer Way To Say "Luxury" Even Though They're Not Land Costs Are Forcing Developers To Charge Higher Rents, So Deals "Pencil In" Manhattan Rents Are Rising Again As Mortgage Rates Increase Two words have crept into the housing economy narrative: "Fancy" and "Resi," which startles me every time I come across them. "Fancy" is another way to say "luxury," and "Resi" seems to have...
U.S. Sales At Or Above $50 Million Was Fourth Highest In History U.S. Sales At Or Above $100 Million Was Second Highest In History Average Price Of U.S. Super Luxury Rose 7% Year Over Year Get it? Like a ship...The confusing housing market of 2024 is behind us, but not much has changed a few days into 2025, except perhaps our expectations are a little more realistic. Mortgage rates are unlikely...
Super Luxury Homes Are More Commonly Exceeding The $100M Threshold These HighEnd Sales Are Long Term Asset Acquisitions As Buyers Bet On Future Higher Prices The $200 Million Sales Is Beginning To Be A Little More Common Americans have an unhealthy obsession with billionaires and real estate provides the perfect playground. Because I'm a dull and boring numbers guy, one of my hobbies since 2014...
• Half Of Income Inequality Is Attributable To Dating Apps Since The Mid-90s
• App Usage Correlated To Emphasis On Luxury Real Estate
• Many Housing Markets Saw Greater Gains In Luxury Prices Over Remainder
The post Manhattan Market Share Of Cash v. Financed Sales first appeared on Miller Samuel Real Estate Appraisers & Consultants. [...]
My friend and Chicago appraiser colleague Michael Hobbs interviewed me for a two-part podcast: "The PahrooZings Podcast showcases inspiring appraisers and professionals who are field-leaders.” I met Michael through our [...]
